CosmicTaco

Microsoft's Massive Land Grab in Pune Raises Eyebrows

CosmicTaco · 2024-09-14T12:39:36.668734+05:30

- Microsoft has purchased another 16.4-acre plot in Pune's tech hub Hinjewadi for INR 453 Cr, adding to its recent spree of land acquisitions in the city. - The deal, registered on September 5, included a stamp duty of INR 27.18 Cr and a registration fee of INR 30,000. - In the past month, Microsoft has acquired over 30 acres in Pune, investing a total of INR 973 Cr. - This follows a similar purchase of a 13.6-acre plot for nearly INR 520 Cr, including a stamp duty of INR 31.18 Cr. - The tech giant is aggressively investing in India's real estate to set up data centers and development hubs, with plans for a hyperscale cloud capacity data center in Pune and a large data center in Hyderabad. Source: [Inc42](https://inc42.com/buzz/data-centre-plans-microsoft-buys-another-16-4-acre-plot-in-pune-for-inr-435-cr/)

Microsoft has purchased another 16.4-acre plot in Pune's tech hub Hinjewadi for INR 453 Cr, adding to its recent spree of land acquisitions in the city.
The deal, registered on September 5, included a stamp duty of INR 27.18 Cr and a registration fee of INR 30,000.
In the past month, Microsoft has acquired over 30 acres in Pune, investing a total of INR 973 Cr.
This follows a similar purchase of a 13.6-acre plot for nearly INR 520 Cr, including a stamp duty of INR 31.18 Cr.
The tech giant is aggressively investing in India's real estate to set up data centers and development hubs, with plans for a hyperscale cloud capacity data center in Pune and a large data center in Hyderabad.

Source: Inc42